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IPO day was 'so Reddit,' employees said. Reddit employees gather at the New York Stock Exchange for listing day. NYSE: RDDT "Getting Snoo (the company's mascot) to ring the bell (rather than our ...
Reddit is going public, having filed for an initial public offering (IPO) with the Securities and Exchange Commission on Feb. 22. This will be the first major tech IPO of the year and the first ...
This includes Sam Altman, CEO of OpenAI, who will have 9.1% voting power after the Reddit IPO, while his shares (789,456 Class A and 11.4 million Class B) could be valued at $413.4 million if ...
Reddit stock soared on its first day of trading, ending the day up nearly 50% from its initial public offering price of $34 a share.The stock closed at $50.44 on Thursday, up 48% from the IPO ...
Reddit plans to list 22 million shares at a price between $31 and $34, according to the latest version of the IPO prospectus it filed with the Securities and Exchange Commission. The company ...
At its debut in March, Reddit’s IPO started at $34 per share, after reaching a high of $50.44 at close of market that day — and was sitting at around $46 on Thursday. Reddit’s IPO could ...
The targeted valuation, on a fully diluted basis, is less than the $10 billion Reddit was valued at after a fundraising in 2021. The IPO, a major litmus test for investors' appetite for new ...
For instance, Reddit's IPO was priced at a valuation near $6.5 billion, down from its $10 billion private valuation in 2021. Valuation drops from prior funding rounds also occurred for Instacart ...